The Growth of World Industry
The question I am raising to-night is as old as economic thinking. It is that of industry against agriculture, of town against country as the source of opulence. I do not pretend, of course, to be able to answer this question but it may be worth while traversing the ground again, for in matters which impinge, as this does, upon contemporary economic policy it is the function of the economist, as I understand it, to state the dilemmas even when, as is nearly always the case, he does not know the answers.
KeywordsIndustrial Country Industrial Revolution Economic Progress Industrial Growth Free Market Economic
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- 9.J. Spengler, ‘Aspects of the Economics of Population Growth’, Southern Economic Journal, January 1948.Google Scholar
- 11.In 1937, in the United States, each wage earner in manufacturing industry operated with $2474 of capital. (S. Fabricant, Employment in Manufacturing, 1899–1939, p. 257.)Google Scholar
- 14.H. Singer, ‘Economic Progress in Undeveloped Countries’, Social Research, March 1949.Google Scholar
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